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Luxottica Group, S.p.A. (LUX)
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LUX » Topics » Proposed dividend for fiscal year 2007

This excerpt taken from the LUX 6-K filed Mar 14, 2008.

Proposed dividend for fiscal year 2007

 

The Board of Directors today also scheduled the Company’s Ordinary Shareholders’ Meeting and Extraordinary Shareholders’ Meeting for May 13, 2008, on first call, and for May 14, 2008, on second call.

 

At the Ordinary Meeting, the Board of Directors will propose to shareholders a 17 percent increase in the cash dividend to be paid for fiscal year 2007 to €0.49 per ordinary share. This will represent a dividend payout ratio of 45 percent, in line with that for fiscal year 2006. Last year, shareholders approved the payment of a cash dividend of €0.42 per ordinary share or ADS.

 

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